This blog aims at equipping individuals with business and finance tools in simplistic terms. It convers both business finance and personal finance. It also looks at the actions that can help you run a business successfully. It has some juicy flavour in it. It also aims at getting individuals closer to Allah (SWT) Enjoy!
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Principles to adopt in business
Hello readers, today I will be telling you about the principles that you should adhere to when carrying out your business activities. Here they are:
1. Relationship with Allah
You should maintain a good relationship with Allah, that is you should become a Muslim and carry out righteous deeds. He has the final say, whatever He wills happen and He is the kindest.
Honesty is always good all the time. It is a quality that can help your business grow as it helps to develop trust between you and your business colleagues. It also develops trust between you and your customers. When you are not always honest, individuals will not know when you are saying the truth, as such, it can damage your reputation. It is best to always say the truth all the time.
You should add value to your communities by making donations to the individuals in the community. In other words, fulfill your philantrophic responsibility. For example you can donate exercise books or textbooks to a school. Make sure you do something that the community will benefit from and Allah will reward you for it.
You must be objective when carrying out your business activities. Your decisions and actions must be free from bias and undue influence of others.
You should obey the relevant laws of the country in which you carry out business activities except it conflict with Allah's Laws. You should not do anything that will bring discredit to the reputation of your company.
6. Be Knowledgeable
Always try to obtain the best of knowledge in terms of your business. Discuss with knowledgeable individuals and let them add value to you. Information they say is power, as it adds value to you. Adequate knowledge can be gotten via training as well. Adequate knowledge will also help you provide excellent products (goods and services) to your customers. Obtain more knowledge about the business you are into. It will contribute to the continuous success of your business.
If one of your business goals is to be profitable, you should aim for long-term profitability, this will help you achieve your overall business goals as well as business growth.
You must communicate adequately with your stakeholders so as to know if you are meeting their needs adequately. You should also communicate with your stakeholders in order to let them know what is going on within your business. This is a neccessity for your business to flourish well. Thanks for reading this article, keep checking out my blog regularly. Cheers!
Hello readers, today I will be writing about buyers behaviour when it comes to purchasing products (goods and services). I hope your week has been good. A buyer is an individual that makes a purchase. That purchase can be influenced by his/her emotions or his/her rational mind.
For your marketing strategy to be successful you have to truly understand the buying behaviour of your customers. Some customers buy goods based on trust and loyalty which falls into the emotional reasons. Thus, you have to build trust between your customers and yourself so they can return back to you. Trust is built when you offer good quality for reasonable prices.
Some products are bought regularly while some products are purchased seasonally. If your products fall into the seasonal category, you should only purchase them to be resold during that season. At times buyers purchase products on behalf of another individual. In that situation, you have to capture the mind of both the buyer and the actual person tha…